Usman Salis
Gold is showing signs of structural strength after reclaiming key levels, with price now sitting above both a breakout zone and a rising trendline. According to Rashad Hajiyev, the metal has completed a breakout, successfully retested it, and continues to trade above ascending support - a sequence that typically sets the stage for further upside.
The Gold Breakout That Held Under Pressure
The chart reflects a prior downtrend marked by a descending resistance line, followed by a decisive move higher that broke this structure.
That breakout did not fail. Price pulled back, tested the reclaimed level, and held - converting former resistance into support.
The breakout has been confirmed and retested. Price is holding above the reclaimed level and the rising trendline remains intact.
This type of structure often precedes expansion phases, similar to setups described in Gold Triangle Breakout Builds - XAU/USD Compression Nears Resolution, where sustained compression leads to directional continuation.
Where Gold Structure Is Turning Higher
A rising trendline from the recent lows is now clearly visible, with price respecting it as dynamic support. This creates a sequence of higher lows, suggesting that momentum is shifting away from the earlier downtrend.
At the same time, the previously dominant descending trendline has been broken, marking a transition in structure. Instead of continued lower highs, price is now stabilizing above the breakout level.
The descending trendline is broken. What replaced it is a series of higher lows supported by a rising trendline - a structurally different environment.
This behavior aligns with patterns seen in Gold Holds $4,753 Pivot as Market Awaits Breakout Direction, where holding reclaimed levels became the foundation for the next move.
Gold at $4,700s: The Interaction That Will Decide Direction
Price is currently consolidating near the mid-$4,700s, sitting between the reclaimed breakout zone and nearby resistance just below $4,800. This area continues to act as a decision point.
Holding above the trendline and breakout level keeps the structure constructive. A sustained push higher would open the path toward prior resistance zones, while a move back below would weaken the setup considerably.
Comparable price behavior has been observed in Gold Holds $4,600 Support and Tests $4,700 Resistance Again, where repeated interaction with key levels defined the next directional move.
A Constructive Setup With One Open Question
The chart confirms a clean technical sequence: breakout, retest, and hold above a rising trendline. This alignment typically supports continuation scenarios.
One element remains uncertain - confirmation from miners. That divergence does not invalidate the structure, but it introduces hesitation as price tests whether it can extend higher from this base.
However, one element remains uncertain - confirmation from miners. That divergence does not invalidate the broader structure, but it introduces hesitation as price tests whether it can extend higher from current levels.
Usman Salis
